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Musee Grevin fiscal H1 profit falls YOY

Musée Grévin SA said its normalized net income for the fiscal first half ended March 31 came to €1.39 per share, a decrease of 32.8% from €2.06 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €698,660, a decrease of 32.6% from €1.0 million in the prior-year period.

Total revenue fell on an annual basis to €6.3 million from €6.5 million, and total operating expenses rose 6.9% on an annual basis to €5.1 million from €4.8 million.

Reported net income fell 36.9% on an annual basis to €771,780, or €1.53 per share, from €1.2 million, or €2.43 per share.